Knowledge economy Zone (KEZ) in amaravati to start operations from June 2016.

Posted by on February 26, 2016
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amaravati knowledge economic zone CII harvard world economic forum

Knowledge Economic Zone in Amaravati, GoAP partners with CII

Amaravati: Knowledge Economic Zone (KEZ) is the new Buzz Word with the state government of Andhra Pradesh. It would be brought up in a joint effort with CII (Confederation of Indian Industry) to ensure rapid economic development. A knowledge driven economy is one in which the era and utilization of knowledge will come to have real influence in the creation of wealth, the KEZ will start its operations from June 2016.

The first phase of the Knowledge economic zone will be ready by 2017 in an extent of 10 acres.

By 2019, the KEZ will spread to 100 acres of land. A delegation from CII gave a presentation to Andhra Pradesh Chief Minister Sri N. Chandrababu Naidu amid the Collectors’ Conference. Focusing on the need of an knowledge driven economy to accomplish sustainable growth, the Chief Minister instructed the district collectors to prepare an action plan for setting up KEZs in every district of the state.

“Take help from Harvard and World Economic Forum in setting up the KEZ,” he said.

Amid a presentation on AP Fiber Grid, the authorities pointed that the normal Internet Speed in india is 2.5 MBPS, while globally it is 10MBPS. The administration is working towards giving 10 MBPS web connection for just Rs 150 , the authorities informed. The authorities said this task will advantage 130 lakh individuals in the state. Under stage 1, the administration will draw cable for 22,500 kms. Every family unit will get web, phone and satellite TV with a common box. The Chief Minister called Andhra Pradesh Fiber Grid Project an revolution in communications. He said the union government is awed with the state’s fiber grid project. “If needed, Andhra Pradesh can become partner in ‘Digital India’ initiative,” he added. He further directed all the administration offices to utilize AP Fiber grid network.